Join the English Language tutorial class now
Central Bank Of Nigeria
The Central Bank of Nigeria (external link) was established by the CBN Act in 1958 and commenced operations on july 1, 1959.
Governor : Godwin Emefiele.
Headquarters : Abuja, Nigeria.
Functions Of CBN
The main regulatory objectives of the bank is as stated in the CBN act of 1958 is to :
1] Issue legal tender.
2] Promote monetary stability and a sound financial environment.
3] Maintain the external reserves of the country.
4] Act as a banker last resort.
5] Financial adviser to the federal government.top↑
Governors Of The Central Bank
ROY PENTELOW FENTON : The first CBN Governor, from july 24, 1958 to july 24 1963.
ALIYU MAI-BORNU :The second CBN Governor who was the Deputy Governor of CBN before becoming The Governor of CBN, from july 25, 1963 to june 22, 1967.
CLEMENT NYONG ISONG : The third CBN Governor who was The Advisor International Monetary Fund of CBN before becoming the Governor of CBN, from August 15, 1967 to September 22, 1975.
ADAMU CIROMA : The fourth CBN Governor from September 24, 1975 to june 28 1977.top↑
OLA VINCENT : The fifth CBN Governor who was The Deputy Governor of CBN before becoming The Governor of CBN, from june 28, 1977 to june 28, 1982.
ABDULKABIR AHMED : The sixth CBN Governor who was The Deputy Governor of CBN before becoming The Governor of CBN, from june 28, 1982 to September 30 1993.
PAUL AGBAI OGWUMA : The seventh CBN Governor who was The CEO of Union Bank of Nigeria before becoming The Governor of CBN, from October 1, 1993 to May 29 1999.top↑
JOSEPH OLADELE SANUSI : The eighth CBN Governor who was The CEO of First Bank of Nigeria before becoming The Governor of CBN, from May 29, 1999 to May 29 2004.
CHUKWUMA SOLUDO : The ninth CBN Governor who was The CEO of National Planning Commission before becoming The Governor of CBN, from May 29, 2004 to May 29, 2009.
SANUSI LAMIDO SANUSI : The tenth CBN Governor who was The CEO of First Bank of Nigeria before becoming The Governor of CBN, from june 3, 2009 to february 20, 2014.top↑
GODWIN EMEFIELE : The current Governor of CBN who was The CEO of Zenith Bank PLC before becoming The Governor of CBN, from april 20, 2014 till date.
International Organisation That Nigeria Belongs
1] UNITED NATION ORGANIZATION [UNO]
2] AFRICAN UNION [AU]
3] NEW PARTNERSHIP FOR AFRICAN DEVELOPMENT
4] ECONOMIC COMMUNITY OF WEST AFRICA STATES [ECOWAS]
5] ORGANIZATION OF PETROLEUM EXPORTING COUNTRIES [OPEC]
6] GROUP 77 [G77]
7] COMMON WEALTH OF NATIONS [CON].top↑
Current Affairs : Federal republic of Nigeria
Don't forget to drop your comment, it motivate us to post more, thank you. In the meantime, do you have any questions, don't hesitate to ask our tutors using Our Contact Page or will you like to know more About Our Tutors